Why is MEP Infrast. falling/rising?

As of 21-Jul, MEP Infrastructure Developers Ltd's stock price is currently at 1.93, reflecting an increase of 0.03 or 1.58%. The stock has shown a positive trend recently, gaining 6.63% over the last four days and outperforming its sector by 1.13% today. However, despite this short-term performance, the stock has a troubling long-term outlook, with a significant decline of 70.40% over the past year and a staggering 90.28% drop over the last three years. The company has not declared results in the last six months, and its financial health is concerning, with net sales and operating profit showing drastic declines. Additionally, 82.7% of promoter shares are pledged, which adds to the stock's risk profile and could exert downward pressure in a falling market.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 4.89% over the past week while the Sensex has remained nearly flat at -0.06%. This indicates that, in the short term, MEP Infrastructure is managing to attract some investor interest despite its long-term struggles. However, the overall market sentiment remains cautious due to the company's weak fundamentals and consistent underperformance against benchmarks over the years. The lack of recent financial disclosures and the high debt levels further contribute to a risky investment environment for MEP Infrastructure, overshadowing its recent gains.